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Company Registration No. 09729119 (England and Wales)
Iventis Ltd Unaudited accounts for the year ended 31 August 2023
Iventis Ltd Unaudited accounts Contents
Page
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Iventis Ltd Company Information for the year ended 31 August 2023
Directors
Joseph Cusdin Keith Paul Greetham Dr Alexandra Georgina Redcliffe Reid
Company Number
09729119 (England and Wales)
Registered Office
Think Tank Ruston Way Lincoln Lincolnshire LN6 7FL
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Iventis Ltd Accountants' report
Accountants' report to the board of directors of Iventis Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Iventis Ltd for the year ended 31 August 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Iventis Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Iventis Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iventis Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Iventis Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Iventis Ltd. You consider that Iventis Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Iventis Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 4 October 2023
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Iventis Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,297 
8,598 
Current assets
Debtors
72,943 
90,006 
Cash at bank and in hand
831,316 
36,542 
904,259 
126,548 
Creditors: amounts falling due within one year
(35,189)
(97,604)
Net current assets
869,070 
28,944 
Total assets less current liabilities
875,367 
37,542 
Creditors: amounts falling due after more than one year
(16,993)
(588,602)
Net assets/(liabilities)
858,374 
(551,060)
Capital and reserves
Called up share capital
239 
120 
Share premium
2,326,117 
249,986 
Profit and loss account
(1,467,982)
(801,166)
Shareholders' funds
858,374 
(551,060)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by
Joseph Cusdin Director Company Registration No. 09729119
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Iventis Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Iventis Ltd is a private company, limited by shares, registered in England and Wales, registration number 09729119. The registered office is Think Tank, Ruston Way, Lincoln, Lincolnshire, LN6 7FL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
1,414 
17,360 
18,774 
At 31 August 2023
1,414 
17,360 
18,774 
Depreciation
At 1 September 2022
856 
9,320 
10,176 
Charge for the year
291 
2,010 
2,301 
At 31 August 2023
1,147 
11,330 
12,477 
Net book value
At 31 August 2023
267 
6,030 
6,297 
At 31 August 2022
558 
8,040 
8,598 
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Iventis Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
19,176 
- 
Trade debtors
46,407 
86,674 
Accrued income and prepayments
7,360 
3,332 
72,943 
90,006 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,613 
8,613 
VAT
- 
11,787 
Trade creditors
41,789 
3,648 
Taxes and social security
(58,779)
31,403 
Other creditors
3,065 
2,337 
Loans from directors
6,406 
- 
Accruals
12,318 
15,308 
Deferred income
21,777 
24,508 
35,189 
97,604 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,993 
25,606 
Other creditors
- 
556,590 
Loans from directors
- 
6,406 
16,993 
588,602 
8
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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